20170728_BSC_Vietnam Daily Review_EN_Back to upside trend

Highlight
Today trading session observed consistent index rising through both morning and afternoon trading sessions. After today session closed, VN Index increased by 5.59 points to the level of 777.09 points. The amplitude fluctuation was slightly higher than yesterday, the difference between the peak and bottom the market index was 6.27 points. The main stocks group that raised the market index were GAS (+0.57 points), PLX (+0.54 points), VIC (+0.52 points), BID (+0.34 points), CTG (+0.25 points). In the opposite direction, the main stocks group slowed down the market’s upward momentum were NVL (-0.18 points), HT1 (-0.06 points), REE (-0.05 points), QCG (-0.02 points), KBC (-0.02 points). Today money cash flow flew into key sectors including oil & gas (GAS, PLX), banking (BID, CTG) and outflow from the real estate sector. Large capital and main stocks continued to lead the market, including VN30 with 22 gainers and 6 losers. Market breadth was positive status with 176 gainers and 110 losers, with 49 unchanged. The market liquidity continued to improve to VND 3,304 billion matched value. On Hanoi exchange, the HNX Index gained 0.93 points to level of 100.55 points.
 

Market outlook
Today trading session observed market backed to upside trend after a slight correction yesterday. Market liquidity continued to recover. BSC maintains the view that market liquidity will continue to recover at a fairly slow speed due to high level of cautiousness in the market. The general trend of market cash flow will continue to target large capital stocks and lead the market to a chance to conquer the previous resistance level of 780 points.